Darting Around Company manufactures dartboards Its standard cost information follows Darting Around has the following actual results for the month of September Required Calculate the following for Darting Around 1 Direct materials price, quantity, and total spending variances 2 Direct labor rate, e...

To calculate the variances well use the following formulas 1 Direct Materials Variances Price Varian ...

Darting Around Company manufactures dartboards. Its standard cost information follows: Darting Around has the following actual results

Question:

Darting Around Company manufactures dartboards. Its standard cost information follows:

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Darting Around has the following actual results for the month of September:

image text in transcribed

Required:

Calculate the following for Darting Around:

1. Direct materials price, quantity, and total spending variances.

2. Direct labor rate, efficiency, and total spending variances.

3. Variable overhead rate, efficiency, and total spending variances.

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Managerial Accounting

ISBN: 9780078110771

1st Edition

Authors: Stacey WhitecottonRobert LibbyRobert Libby, Patricia LibbyRobert Libby, Fred Phillips

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Question Posted: May 15, 2024 08:02 AM

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Darting Around Company manufactures dartboards. Its standard cost information follows: Darting Around has the following actual results

Question:

Direct costs Cork board Direct labor Variable manufacturing overhead Fixed manufacturing overhead ($20,000/80,000 units) Standard Quantity Standard Price (Rate) Standard Unit Cost 2.5 sq. ft. $ 2.00 per sq. ft. $ 5.00 1 hr. 14.00 per hr. 14.00 .50 per direct labor hour 0.50 0.25

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Managerial Accounting

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